Doximity (DOCS) Net Margin (2020 - 2026)
Doximity's (DOCS) quarterly Net Margin came in at 13.15% in Q1 2026, down 3202.0% year-on-year from 0.42% in Q1 2025, and down 60.47% on a QoQ basis from 33.27% in Q4 2025.
Doximity (DOCS) Net Margin (2020 - 2026) Analysis & Trends
Doximity (DOCS) has 7 years of Net Margin data on file, last reported at 13.15% in Q1 2026.
- On a quarterly basis, Net Margin fell 3202.0% year-over-year to 13.15% in Q1 2026; TTM through Mar 2026 was 30.4%, a 873.0% decrease from a year earlier, with the FY2026 full-year figure at 30.4%, down 873.0% from the prior year.
- Net Margin for Q1 2026 stood at 13.15%, down from 33.27% in the prior quarter.
- Over the last five years, Net Margin for DOCS reached as high as 45.17% in Q1 2025 and fell as low as 13.15% in Q1 2026.
- Historically, Net Margin has averaged 32.01% across 5 years, with a median of 32.66% in 2024.
- Across the five-year window, Net Margin surged 2348 bps in 2022 and slumped 3202 bps in 2026, its largest moves.
- Year by year, Net Margin stood at 29.04% in 2022, then grew by 22 bps to 35.45% in 2023, then grew by 26 bps to 44.6% in 2024, then retreated by 25 bps to 33.27% in 2025, then slumped by 60 bps to 13.15% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 13.15% in Q1 2026, 33.27% in Q4 2025, and 36.82% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.59 Bn | 24.28 Bn | 662.02 Mn | 29.55% |
| 2 | BrightSpring Health Services | 14.75 Bn | 13.85 Bn | 482.22 Mn | 4.12% |
| 3 | Healthequity | 8.24 Bn | 7.98 Bn | 256.31 Mn | 19.57% |
| 4 | 10x Genomics | 5.91 Bn | 5.37 Bn | 106.18 Mn | -8.93% |
| 5 | Hinge Health | 5.90 Bn | 5.58 Bn | 154.23 Mn | 18.66% |
| 6 | MiniMed | 4.50 Bn | 4.21 Bn | 480.00 Mn | -22.10% |
| 7 | Waystar Holding | 4.43 Bn | 4.36 Bn | 216.84 Mn | 13.79% |
| 8 | Doximity | 3.91 Bn | 3.16 Bn | 125.97 Mn | 13.15% |
| 9 | Privia Health | 3.19 Bn | 2.77 Bn | - | 0.61% |
| 10 | Omnicell | 1.88 Bn | 1.64 Bn | 140.36 Mn | 3.67% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.15% |
| Dec 31, 2025 | 33.27% |
| Sep 30, 2025 | 36.82% |
| Jun 30, 2025 | 36.54% |
| Mar 31, 2025 | 45.17% |
| Dec 31, 2024 | 44.60% |
| Sep 30, 2024 | 32.27% |
| Jun 30, 2024 | 32.66% |
| Mar 31, 2024 | 34.41% |
| Dec 31, 2023 | 35.45% |
| Sep 30, 2023 | 26.94% |
| Jun 30, 2023 | 26.19% |
| Mar 31, 2023 | 27.64% |
| Dec 31, 2022 | 29.04% |
| Sep 30, 2022 | 25.74% |
| Jun 30, 2022 | 24.69% |
| Mar 31, 2022 | 39.58% |
| Dec 31, 2021 | 56.85% |
| Sep 30, 2021 | 45.48% |
| Jun 30, 2021 | 14.78% |